In this paper, the multiple asymptotic stability is investigated for fractional-order quaternion-valued neural networks (FQVNNs) with time-varying delays. The activation function is a nonmonotonic piece wise nonlinear activation function. By applying the Hamilton rules, the FQVNNs are transformed into real-valued systems. Then, according to the Brouwer's fixed point theorem, three new conditions are proposed to ensure that there exist 3(4n) equilibrium points. Moreover, by virtue of fractional-order Razumikhin theorem and Lyapunov function, a new condition is derived to guarantee the FQVNNs have 2(4n) locally asymptotic stable equilibrium points. For the first time, the multiple asymptotic stability of delayed FQVNNs is investigated. Contrast to multistability analysis of integer-order quaternion-valued neural networks, this paper present different conclusions. Finally, two numerical simulations demonstrate the validity of the results. (C) 2021 Elsevier B.V. All rights reserved.